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The Two-Way
2:20 am
Tue September 17, 2013

Mission Success: Costa Concordia Is Vertical

The Costa Concordia is seen after it was lifted upright on the Tuscan Island of Giglio, Italy, early Tuesday morning. Officials declared the results of the 19-hour operation "perfect."
Andrew Medichini AP

Originally published on Tue September 17, 2013 12:24 pm

In an operation that took 19 hours, the luxury cruise ship Costa Concordia is now in an upright position.

The head of Italy's Civil Protection agency, Franco Gabrielli, announced the ship had reached vertical and that the operation to rotate it was complete, according to The Associated Press.

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The Two-Way
7:24 pm
Mon September 16, 2013

JPMorgan To Get Whale Of A Fine For Trading Losses

JPMorgan Chase will reportedly pay a $700 million fine to settle allegations that it made risky trades out of its London office that led to more than $6 billion in losses.
Mark Lennihan AP

Originally published on Tue September 17, 2013 9:38 am

Authorities are set to slap banking giant JPMorgan Chase with a massive fine over the bank's huge trading losses in London last year, confirms NPR's Jim Zarroli.

Though details of the deal are still pending, several reports put the amount at more than $700 million. It comes on the heels of the bank's having recently paid $410 million to settle charges that it manipulated energy markets.

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The Two-Way
6:11 pm
Mon September 16, 2013

Alleged Navy Yard Killer A Former Reservist, Authorities Say

Aaron Alexis, whom the FBI believes to have been responsible for the shootings at the Washington Navy Yard in Washington, D.C., is shown in this handout photo released by the FBI on Monday.
FBI Reuters/Landov

Originally published on Tue September 17, 2013 10:04 am

Aaron Alexis, the 34-year-old man believed responsible for Monday's shooting rampage that killed 12 people at the Washington Navy Yard, was a former full-time Navy reservist who had obtained a concealed-carry permit in Texas and was arrested three years ago for illegally discharging a weapon.

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The Two-Way
4:30 pm
Mon September 16, 2013

Cycling Team Defends American Chris Horner After Win In Spain

American cyclist Chris Horner celebrates winning Spain's Vuelta bicycle race Sunday. Anti-doping officials say that Horner, who at 41 is the oldest ever to win one of cycling's top events, was not at the hotel drug testers visited.
Jaime Reina AFP/Getty Images

Originally published on Mon September 16, 2013 5:40 pm

The cycling team of Chris Horner, the 41-year-old American who won Spain's Vuelta bike race on Sunday, says the racer followed the rules in telling doping officials where they could test him. And Monday afternoon, U.S. doping officials agreed that Horner had done his part to allow surprise out-of-competition testing.

Conjecture over Horner's victory in the three-week Vuelta a Espana grew after drug testers couldn't find him at a team hotel in Madrid on Monday morning. His team says the officials went to the wrong hotel.

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The Two-Way
3:57 pm
Mon September 16, 2013

Bill Gates, Warren Buffett Again Top Forbes 400

Larry Ellison, CEO of Oracle, is No. 3 on the Forbes 400 list of the wealthiest Americans.
Stephen Dunn Getty Images

Originally published on Mon September 16, 2013 4:46 pm

It's mostly the usual suspects on the latest Forbes 400 list of the wealthiest Americans: Bill Gates tops the list for the 20th consecutive year, with a net worth of $72 billion, followed by investor Warren Buffett and Oracle CEO Larry Ellison.

The Koch brothers, Charles and David, tie for fourth place, while Walton family members with an interest in retail behemoth Wal-Mart occupy positions 6 through 9.

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The Two-Way
3:16 pm
Mon September 16, 2013

Both Mexican Coasts Are Lashed By Deadly Tropical Cyclones

Originally published on Mon September 16, 2013 6:06 pm

Tropical Storm Manuel and Hurricane Ingrid made landfall within hours of each other on Mexico's two coasts, leaving at least 21 people dead.

The Washington Post reports:

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The Two-Way
2:40 pm
Mon September 16, 2013

'A Sense Of Panic,' Says Witness To Navy Yard Shooting

People exited a building with their hands up after a shooting Monday at the Washington Navy Yard in Washington, D.C.
Alex Wong Getty Images

Originally published on Tue September 17, 2013 6:17 am

For some employees at the Washington Navy Yard, the first sign that something was wrong came when a fire alarm went off early Monday morning.

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The Two-Way
1:40 pm
Mon September 16, 2013

With Summers Out, Will Obama Turn To Yellen For Fed Post?

Federal Reserve Board Vice Chairman Janet Yellen is considered a top candidate to replace Ben Bernanke now that Lawrence Summers has withdrawn his name for contention for the Fed's top job.
Robert Galbraith Reuters/Landov

Financial markets rallied Monday, a day after Lawrence Summers took himself out of the running to be the next chairman of the Federal Reserve. Summers had been seen as a front-runner to replace Ben Bernanke, whose term expires in January.

His exit improved the odds for his chief rival for the position — Fed Vice Chairman Janet Yellen — as well as those of Donald Kohn, the former vice chairman of the Fed board.

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The Two-Way
1:17 pm
Mon September 16, 2013

Sarin Attack On Syrian Civilians Is A 'War Crime,' U.N. Says

U.N. Secretary-General Ban Ki-moon, who received the report on Syria's chemical weapons over the weekend from professor Ake Sellstrom, expressed his "profound shock and regret" at its findings.
Paulo Filgueiras UN Photo

Originally published on Tue September 17, 2013 6:09 am

Chemical weapons were used in Syria "on a relatively large scale" on Aug. 21, says U.N. Secretary-General Ban Ki-moon, who issued a report by U.N. inspectors Monday. The attack killed civilians, "including many children," and constitutes a "war crime," Ban wrote. He expressed his "profound shock and regret" at the findings.

Ban received the report over the weekend from professor Ake Sellstrom of Sweden, who headed the inspection team in the incident that took place near Damascus. The secretary-general briefed the Security Council on the report earlier Monday.

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The Two-Way
1:00 pm
Mon September 16, 2013

Washington Navy Yard, Site Of Shooting, Has Long History

King George VI and Queen Elizabeth arrive at the Washington Navy Yard on June 9, 1939, to join President Franklin Roosevelt on a cruise down the Potomac River to Mount Vernon, Va.
AP

Originally published on Tue September 17, 2013 8:10 am

The sprawling Washington Navy Yard, scene of a deadly shooting Monday, is the Navy's oldest shore establishment and has long been considered the "ceremonial gateway" to the nation's capital.

The yard went into operation at the turn of the 19th century. Today, it employs thousands of people and is regarded as the "quarterdeck of the Navy" for its role as headquarters for the Naval District Washington.

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